The Town's Comprehensive Annual Financial Report (CAFR) is prepared and released after an independent audit of the Town's finances by a certified public accounting firm. The CAFR is a government's official annual financial operating statements and contains the notes to the financial statements for the Town as a whole, and additional financial, economic and demographic statistical information.
The Town of Estes Park was awarded the Certificate of Achievement for Excellence in Financial Reporting for its 2012 Comprehensive Annual Financial Report (CAFR) from the Government Finance Officers Association. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The 2013 CAFR has been submitted to the Government Finance Officers Association for award consideration.
The Town is also subject to audit requirements referred to as a single audit, as required by the Office of Management and Budget (OMB) Circular A-133, because more than $500,000 in Federal funding was awarded in 2013. A single audit is intended to promote sound financial management, including effective internal control, with respect to federal awards administered by state and local governments.